ZW Data Action Technologies Inc. (CNET) Financial Statements (2024 and earlier)

Company Profile

Business Address NO.3 MIN ZHUANG ROAD, BUILDING 6,
HAIDIAN DISTRICT, BEIJING,, 100195
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3917,1734,2971,6033,7422,952
Cash and cash equivalents4,3917,1734,2971,6033,7422,952
Receivables3,3473,5293,9303,3526,6049,875
Other current assets1,6101,6571,46211  
Other undisclosed current assets2,9657,5593,1956,9692,1544,073
Total current assets:12,31319,91812,88411,93512,50016,900
Noncurrent Assets
Operating lease, right-of-use asset1,7612,0194812
Property, plant and equipment2493756078142299
Long-term investments and receivables1,5962,2806735 918
Long-term investments1,5962,2806735 918
Intangible assets, net (including goodwill)3,2647,5232,5571,899459,085
Goodwill      5,277
Intangible assets, net (excluding goodwill)3,2647,5232,5571,899453,808
Prepaid expense697539   
Deferred income tax assets406441606713
Deferred tax assets, net5561,358
Other undisclosed noncurrent assets   4,4063,8793,725 
Total noncurrent assets:7,34512,7137,7836,6164,46811,660
TOTAL ASSETS:19,65832,63120,66718,55116,96828,560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4534,6534,0383,6225,8666,019
Taxes payable3,5343,4303,2142,9973,168
Accounts payable2051,1196084082,8692,851
Accrued liabilities3,248     
Deferred revenue7391,2451,4362,006
Debt    430874765
Derivative instruments and hedges, liabilities 1852,0391,505107  
Other liabilities437141333221118687
Customer advances and deposits3,559
Contract with customer, liability1,061
Other undisclosed current liabilities8867437106275211,933
Total current liabilities:5,7008,8218,0227,0138,44012,963
Noncurrent Liabilities
Long-term debt and lease obligation:  1,90732   
Liabilities, other than long-term debt1,661137134125734134
Due to related parties126137134125128134
Operating lease, liability1,5351,90732 
Derivative instruments and hedges, liabilities     606 
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:1,6612,044166125734134
Total liabilities:7,36110,8658,1887,1389,17413,097
Equity
Equity, attributable to parent, including:12,29721,76612,54511,4707,84315,286
Common stock73526201614
Additional paid in capital62,01761,78549,77243,11138,27531,554
Accumulated other comprehensive income1,2001,0821,1291,5051,4571,598
Accumulated deficit(53,525)(43,734)(40,980)(35,773)(34,512)(20,487)
Warrants and rights outstanding 1852,0391,505107606 
Other undisclosed equity, attributable to parent2,4135591,0932,5002,0012,607
Equity, attributable to noncontrolling interest   (66)(57)(49)177
Total equity:12,29721,76612,47911,4137,79415,463
TOTAL LIABILITIES AND EQUITY:19,65832,63120,66718,55116,96828,560

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues26,23547,32838,40858,08057,14646,633
Revenue, net46,633
Cost of revenue
(Cost of Goods and Services Sold)
(26,429)(47,230)(37,776)(52,582)(54,728)(42,020)
Gross profit:(194)986325,4982,4184,613
Operating expenses(10,925)(13,688)(6,333)(7,186)(16,930)(14,055)
Operating loss:(11,119)(13,590)(5,701)(1,688)(14,512)(9,442)
Nonoperating income (expense)1,32511,0796234671,149(318)
Other nonoperating income (expense)(49)(216)(31)3(30)(211)
Interest and debt expense    (35)(37)(147)
Other undisclosed income from continuing operations before equity method investments, income taxes    3537147
Loss from continuing operations before income taxes:(9,794)(2,511)(5,078)(1,221)(13,363)(9,760)
Income tax expense (benefit)3(177)(143)(49)(764)(251)
Loss from continuing operations:(9,791)(2,688)(5,221)(1,270)(14,127)(10,011)
Loss before gain (loss) on sale of properties:(2,688)(5,221)(1,270)(14,127)(10,011)
Net loss:(9,791)(2,688)(5,221)(1,270)(14,127)(10,011)
Net income (loss) attributable to noncontrolling interest  (66)5   
Other undisclosed net income (loss) attributable to parent    9102(114)
Net loss available to common stockholders, diluted:(9,791)(2,754)(5,216)(1,261)(14,025)(10,125)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(9,791)(2,688)(5,221)(1,270)(14,127)(10,011)
Other undisclosed comprehensive income (loss)118(47)(380)49(135)907
Comprehensive loss:(9,673)(2,735)(5,601)(1,221)(14,262)(9,104)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (66)9896(123)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive loss, net of tax, attributable to parent:(9,673)(2,801)(5,592)(1,213)(14,166)(9,227)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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